Why This Economist Expects Bitcoin to Range Before Seeing a Breakout to $50k

Why This Economist Expects Bitcoin to Range Before Seeing a Breakout to $50k


Bitcoin has been caught in the throes of immense volatility as of late, with buyers losing their edge over its price action The cryptocurrency is now, once again, drifting down towards the lower-$30,000 region, which is around where it has been trading throughout the past few weeks Where the entire market trends next will undoubtedly depend on Bitcoin’s reaction to its $30,000 support, as a break below here could prove to be dire for the entire market One economist believes that BTC will soon see a prolonged bout of rangebound trading around its current price levels He believes that this will come about before the crypto making a push towards $50,000

Bitcoin and the entire crypto market are seeing yet another influx of selling pressure, with yesterday afternoon’s rebound not being enough to fully invalidate the weakness that has been incurred as of late.

The cryptocurrency is now struggling to hold above $33,000, with it finding some

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